Through spring the number of properties advertised for sale has been mounting as sales volumes fall and buyers are spoilt for choice.
The commentators are saying that interest rates are set to rise soon – perhaps next month. Beat the rate rises today. We’ve been able to secure this limited time home loan offer of 6.73% fixed for one year.
When is a LoDoc loan not Low Doc? Tips for self employed people choosing a home loan option in Melbourne and Victoria.
Loan strategies for managing additional fees and expenses on subdivision projects in Melbourne and Victoria.
Compares home loan options for self employed people offered by banks and by independent mortgage managers.
Here is the who, why, what, when, where and how of working out the right home loan for you. You’ll find that interest rates vary less than people’s personal needs do. Choosing a loan is more about matching your needs with the lender’s criteria. Once you’ve considered the importance of what’s involved, you will find Onyx of great value when choosing and arranging a loan.
Here is a quick access point to home loan interest rates from some major lenders but before you go looking at rates we have a warning you. The home loan market is very competitive with many different products. But the markets where these lenders obtain the funds they lend out are also very competitive. So one lender will find it hard to get a real price advantage over another.
These home loan interest rates are for the range of home loans mortgage managed by Onyx Finance. The home loans are supplied inconjunction with Advantedge which is a wholly owned subsidiary of the National Australia Bank (NAB).
Actual variable interest rate effective as of 21st April 2010. Comparison rates are shown in brackets ( ). Rates are subject to change without notice.
There are two main reasons why you would want to refinance your home loan. You want to borrow more money, or you want a lower cost loan.
There are many good reasons why you would increase the size of your home loan as long as you can afford the higher loan payments. Most major lenders will lend for any worthwhile purpose which might include another property purchase, renovations, debt, etc.
We almost always recommend choosing the Interest Only payments option ahead of Principal and Interest payments for your home loan. The Principal and Interest (P&I) option is of more benefit to the bank than it is to you. However we do recommend that even though you haven’t choosen the Principal and Interest option that you do make principal and interest payments instead of interet only payments.